5 New Projects Providing Over 90,000m2 of Office Space for Hanoi
5 New Projects Providing Over 90,000m2 of Office Space for Hanoi
According to the Q4/2022 report by Savills Vietnam, the Hanoi office market is expected to welcome a diverse supply in the near future.
By the end of 2023, five new projects are anticipated to provide over 90,000m2 of office space for the capital. Among them, the supply of Grade A office buildings will dominate, meeting the demand for high-end offices in Hanoi for both domestic and international businesses.
In the next phase, starting from 2024, the capital market is projected to have an additional 11 new projects providing 324,000m2 of office space, mainly from the western region.
36 Cat Linh Commercial Service and Office Building (Dong Da)
The Grade A office building project, 36 Cat Linh, is developed by Thanh Hoa Construction Corporation, scheduled to be completed in Q4/2023. With a total floor area of up to 18,000m2, along with a unique design and architecture, the commercial service and office building at 36 Cat Linh enjoys a strategic location in the new economic and commercial center of Hanoi.
This project combines outstanding features in space and emphasizes sustainability with the international LEED green certificate, providing a premium experience for retail brands and corporate tenants. 36 Cat Linh is a suitable choice for embassies, banks, businesses in the F.I.R.E sector, information technology companies, or any tenant seeking high-quality new office space.
Lotte Mall Commercial Complex (Tay Ho)
Situated in the premium complex developed by Lotte at the western gateway of the capital, the Grade A office building at Lotte Mall is an ideal choice for businesses and organizations seeking high-end office space with reputable operational management.
With various amenities and a smart building management system, the Grade A office complex always meets the needs of organizations in different fields. With a floor area for lease of up to 21,000m2 and 21 floors of premium office space, the building is expected to be handed over in Q2/2023.
Taisei Hanoi Office Tower (Cau Giay)
Taisei Hanoi Office Tower is the first office project in Hanoi by Taisei Group, offering new options for quality Japanese commercial service spaces. The building consists of 2 retail floors and 18 office floors, with an office space for lease of up to 22,500 m2.
Situated at the crossroads of Cau Giay, Thanh Xuan, and Nam Tu Liem districts, Taisei Hanoi Office Tower is a prime office choice in the western part of Hanoi. Tenants here can easily access Roygent Parks, Vinhomes Green Bay, the National Convention Center, JW Marriott Hotel, Keangnam Landmark 72, and more.
Additionally, there are several projects expected to be completed in Q2/2024.
Gelex Ly Thai To Office Building (Hoan Kiem)
The office building holds a prime location at the intersection of Tran Nguyen Han and Ly Thai To streets, just a few minutes' walk from Hoan Kiem Lake. This complex includes offices for lease, retail spaces for rent, and a luxurious hotel under the world-leading Fairmont chain. With its strategic location and premium services, Gelex Ly Thai To is a top destination for businesses, shoppers, and tourists seeking an upscale experience in the center of Hanoi.
The Gelex Ly Thai To Office Building is expected to be operational from Q2/2024, with a total lease area of 11,910 m2.
Tien Bo Plaza Commercial and Service Complex (Dong Da)
Tien Bo Plaza office building will be part of the commercial service complex at 175 Nguyen Thai Hoc, Dong Da district. Tien Bo Plaza offers 20,000 m2 of high-quality office space for lease, combined with a system of amenities within the complex, such as a shopping center, hotel, and green spaces, creating a healthy and convenient working environment for tenants.
The project is expected to be completed in Q1/2024.
These new office buildings in Hanoi, with high quality, reputable operational management, and ideal locations, are expected to be the top choices for businesses. This is especially relevant with the Samsung R&D Center set to launch in 2022, driving the FDI wave into the capital and boosting future office demand.
Moreover, office tenants have more environmentally friendly options in the period 2023-2024, as investors focus on sustainable design and internationally recognized standards such as LEED certification.
